M&A Deal Summary

ContextMedia Acquires AccentHealth

On November 16, 2016, ContextMedia acquired information technology company AccentHealth from M/C Partners and Ridgemont Equity Partners

Acquisition Highlights
  • This is ContextMedia’s 1st transaction in the Information Technology sector.
  • This is ContextMedia’s 1st transaction in the United States.
  • This is ContextMedia’s 1st transaction in Florida.

M&A Deal Summary

Date 2016-11-16
Target AccentHealth
Sector Information Technology
Buyer(s) ContextMedia
Sellers(s) M/C Partners
Ridgemont Equity Partners
Deal Type Add-on Acquisition

Target

AccentHealth

Tampa, Florida, United States
AccentHealth LLC is a patient-education media company at the point of care, with a mission to inspire patients to live healthier lives. AccentHealth's Patient Engagement Platform combines innovative, award-winning digital products including the waiting room television network, interactive tablets for the exam room and mobile touchpoints. AccentHealth's world class content is produced by CNN's Medical Unit, hosted by Dr. Sanjay Gupta, and by Harvard Medical School

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Buyer(S) 1

Buyer

ContextMedia

Chicago, Illinois, United States

Category Company
Founded 2006
Sector Information Technology
DESCRIPTION

ContextMedia develops healthcare technologies to deliver better health outcomes and impact the human condition positively. Founded in 2006 by Rishi Shah and Shradha Agarwal, the company has doubled each year in its scale of technology implementation at outpatient health care facilities, business partnerships with global life sciences and medical device companies, product innovation and team growth. Decision platforms such as digital anatomy boards, interactive educational tablets and mobile connectivity in consultation rooms deliver measurable patient outcomes through actionable intelligence on conditions, treatments and lifestyle changes to improve the quality of life.


DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1

Seller(S) 2

SELLER

M/C Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1986
PE ASSETS 2.4B USD
Size Large
Type Sector Focused
DESCRIPTION

M/C Partners is a private equity and venture capital firm that targets communications, media and information technology companies throughout the US, Canada and Europe. M/C looks to invest $10 to $50 million per transaction and is usually the first institutional investor in its portfolio companies. Areas of interest include cable system operators, wireline communications services, fixed wireless broadband operators, media/content, mobile wireless data software and services and operators, wireless tower operators and on-demand software companies. Prospective transaction types include buyouts, growth capital and seed capital financing. M/C partners was formerly known as Chestnut Street Partners. M/C Partners was founded in 1986. The Firm is based in Boston with additional offices in San Francisco and London.


DEAL STATS #
Overall 23 of 31
Sector (Information Technology) 4 of 8
Type (Add-on Acquisition) 13 of 16
State (Florida) 1 of 2
Country (United States) 18 of 26
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-29 BENESTRA s. r. o.

Bratislava, Slovakia

BENESTRA, s. r. o. is a Slovakian alternative telecom provider focused on the corporate market segment. Company operates a portfolio of voice and data communication solutions, internet connectivity, data centers, and hosting services on both physical and virtual cloud platforms. The company is based in Bratislava, Slovakia.

Sell €100M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-07 Thrive Networks

Foxborough, Massachusetts, United States

Thrive Networks is a managed services provider, delivers a portfolio of outsourced technology services that included cloud, hosting, security, disaster recovery, backup, replication, network management, device management, storage, virtualization and more. For nearly two decades, Thrive has leveraged leading vendor technologies, its vast technical engineering talent and a fanatical dedication to client support to service hundreds of mid-market customers across the United States. Thrive Networks was founded in 2000 and is based in Foxborough, Massachusetts.

Buy -
SELLER

Ridgemont Equity Partners

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ridgemont Equity Partners is an independent private equity firm specializing in middle-market buy-outs, corporate divestitures, recapitalizations and growth capital investments. The Firm targets to invest in companies located in North America, preferably in US and Canada. REP looks to invest up to $500 million in companies with EBIDTA of $5 - $50 million. The Firm seeks to hold both majority and minority equity interest in portfolio companies. Specific areas of interest include basin industries and services, energy, healthcare, telecommunications, media and technology. Ridgemont Equity Partners is a spun-off of Banc of America Capital Investors (BACI). Ridgemont Equity Partners was formed in August 2010 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 73 of 91
Sector (Information Technology) 2 of 2
Type (Add-on Acquisition) 26 of 36
State (Florida) 6 of 6
Country (United States) 62 of 80
Year (2016) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-15 Perimeter Healthcare

Alpharetta, Georgia, United States

Perimeter Healthcare is an integrated behavioral healthcare company focusing on meeting the needs of patients with mental health issues and disorders. Perimeter Healthcare was founded in 2014 and is based in Alpharetta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-01 Thunder Basin Resources

Denver, Colorado, United States

Thunder Basin Resources is an exploration and production company focused in the Powder River Basin. Thunder Basin Resources was established in 2002 and is based in Denver, Colorado.

Buy -